BRIEF-Johnson Matthey Sells Unit To Honeywell For 1.8 Billion Pounds-February 2024-www.financetom.com

BRIEF-Johnson Matthey Sells Unit To Honeywell For 1.8 Billion Pounds

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BRIEF-Johnson Matthey Sells Unit To Honeywell For 1.8 Billion Pounds

May 26, 2025 12:12 PM

May 22 (Reuters) - Johnson Matthey PLC ( JMPLF ):

* AGREEMENT TO SELL CATALYST TECHNOLOGIES BUSINESS

* TO SELL CATALYST TECHNOLOGIES TO HONEYWELL FOR £1.8BN

* DEAL EXPECTED TO DELIVER NET SALE PROCEEDS OF £1.6BN

* £1.4BN EXPECTED TO BE RETURNED TO SHAREHOLDERS BY H1 2026

* GROUP EXPECTS MID-SINGLE DIGIT CAGR IN OPERATING PROFIT

FY2024/25 TO FY2027/28

* GROUP EXPECTS £250M FREE CASH FLOW BY FY2027/28

* DEAL EXPECTED TO CLOSE BY H1 2026

* TO SELL CATALYST TECHNOLOGIES TO HONEYWELL FOR £1.8BN

* LAUNCHED A NUMBER OF ACTIONS TO DELIVER FURTHER ENHANCED

OPERATING EFFICIENCIES

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